Issue 1,914 – Copyright, 2024, by Wyckoff AM Trader (New Version)
FROM THE DESK OF WYCKOFF TRADER
Yes, it was a bit long yesterday. A lot of WB wisdoms. Today not so long. I try my best not to talk bad about AI's Digital Sin. I talked about it in 2020 and now one knew about what I was talking about. I did not see any use in AI. The training data stops in 2020 with latest 2022. You tell them to query live, and they lie. They only can match patterns you know. And, I have noticed they are starting to get lax and encourage YOU to search it for yourself. Then again, that not the Golden Dome…
Regarding the LA evENsts – With all that technology at their disposal, they resort to the first invention man ever made?
Shooting in Las Vegas Bellagio -sowing seeds of doubt and dispar, soon the dones will be flying in the air.
Now let's get to the markets
Monthly: Bulls got it set off to a good start pressing the highs.
Weekly: Looking good, Louis… Looking good Billy Ray… (I caught Sydney up in an infinite loop looking for that one)
Daily: Finally, St. Peter said; "come on in but first—we got some questions?"
MARKET RECAP
Yesterday's Recap: (Spill up, AM LOW, MID AM HIGH, lunch low, mid pm high, LAST HIGH HOUR LOW.)
Yes, we had to flip it
Yesterday's Recap: (Spill down seal 10:40 at 6003, AM HIGH, MID AM LOW, lunch high, mid pm low, LAST HOUR HIGH.)
(10 minutes) | Spill down => 09:40 at 6003
(70 minutes) | AM HIGH => 10:30 at 6020,
(70 minutes) | MID AM LOW => 11:30 at 6008,
(180 minutes)| lunch high => 1:57 residual bull 6027,
(45 minutes) | mid pm low => 2:45 at 6021,
(20 minutes) | LAST HOUR HIGH => 3:05 at 6026,
(9:30 AM to 9:57 AM) On the spill down, the bell ringers slapped the PEONS down, who got over their skies. This brought price back down to unchanged holding on 21,000 lots trading just around Fridays Cleanup Crew (LAST HOUR LOW). A bid came in at the 6000 big even. And the bulls tried to rally price back up. Some traders were getting short, but the Don was not having it. Giving the order to take price higher.
(10:00 AM to 10:57 AM) This order opened the door for the Echo Enforcers who shut the bears down before they could get a foot hold. Price continued on till 10:30 AM a to center time where Capo took it from 6014 to 6019.50 an 5 handle upthrust popped price up on 7,328 lots—taking all the momentum away.
(11:00 AM to 11:57) Price drifts down to where Extreme Midday Hitmen" as unable to hit opening extremes—price holds at the halfway retracement at 6007 on 1,034 lots. IF you are looking to get long, this is what you've been looking for. Increased volume on the up side. Decreased volume on the down side kissing that floor trader daily pivot of 6005.75 handle—what could be better? Friday's CASH grind lunch low held. Price is not being pushed down on the market. Indicating the Don is putting on a line.
(12:00 PM to 1:57) the Slog Lords Caps GET TO WORK, GRINDING OUT (all the bears hopes) as their Soldatos get busy buying everything in sight. Up to the 5025 handle. This is the CASH high. Just a bunch of one lotters—still they are pressing the highs.
(1:00 PM to 1:57 PM) It's looked like the "Reversal Lords" the traders who engineer market turns, were looking to enter in against the Soldatos about 1:57 PM as price pressed against the R1 6027 handle. It's high three times. Three times charmed but they wait for the Don's nod. The Don, did not give a not to the Reversal Lords and the bulls were grasping for breth as all the liquidity was taken out with one lost print the tape. This opened the door for the shake N Bake Crew.
(2:00 PM to 2::57) Shake N Bake crew SEALS THE DEAL at 2:45 PM as the Don finally gave the nod to start talking price down. It's one lots Soldatos. Lets see if the Capos step in to help. No Capos, just smoke em if you got em. Sell em if you wont. No Caps just one lots Soldatos. Price holds at the 1/3 retracement almost to the tick from the MID AM LOW.
(3:00 PM to 3:50 PM) "Cleanup Crew" not much to absorb at these highs to stabilize the tape before the true final moves. It was a tuff read. Price just stalled at the LAST HOUR HIGH at 3:05 at 6026 handle. The Don has not given direction for the boys to run.
(3:50 PM to 4:15 PM) – "Settlement Syndicate The true last movers, ensuring the closing price reflects the Capos direction. They did not hesitate to take the market down after a dismal rising wedge failure on little to no summer volume. The took some weak hands out but not all. At 3:50 PM the Don, gives the order to the Capo's to start taking the market back up on 4 handles on at 6,912 at the 6018 handle. And another Capo hits is at 6014 up 6015 on 6,918 lots a 5 handle pop. And then some rogue Caps came in at 3:59 PM and started taking the market down on 6,l451 lots. Closing the market under the high of the previous day. In the top 1/3 of the range on greatly reduced volume below previous close 6010 on Friday June 2th. Close near unchanged at 6009 handle.
PROSE AND THE NUMBAHS
WB (our dear friend and trader) Wet Beak – **Before the market lets you win, you must endure a little pain, give back to the house, and wet the Don’s beak**.
I don't think you traders really understood what WB was really doing, it's his initials "WB" Wet Beak the Don!
SENTIMENT: Key Perhaps the bromance is back on, Economic Concerns: Private sector payrolls hit a two-year low, US-China Trade Tensions: Ongoing uncertainty impacts market sentiment.
Good morning. Today is SERIES S4L IFFY. I'm leaning cautiously bullish; this could be the day bulls drop the SOAP and bears take it away.
GLOBEX After Hours: – That's the dog (CASH) but what did the tail (PEONS) do? —WB
Capos on buy side at 10, 14, and 18. Capos on side at 10, 11, 12, and 15. They can't get a following up at these highs:
1. Tone Last Night: As we indicated Capos bought around the 6010 handle at the close. After Globex 6012.25 (open) price drifted down until a bid came in at 20:31 at 6015 on low volume and Soldatos lifted offers up to the CASH high. After a slight delay took it to 6040 (R2) and then eased off.
2. Large Size: As you might have guessed a Capo came in at 21:33 at the 6040 handle on about 8,555 lots. Checking the upward rise at 6040 (R2). Bulls are excited saying to themselves; "It's not a CASH high!" Then later price is smashed again with a liquidity run in search of lows.
3. 7:00 AM / Premarket: Nothing moving the needle
4. News: No news of note. All times EST.
5. Cycle Bias: Capos on buy side at 10, 14, and 18. Capos on side at 10, 11, 12, and 15. They can't get a following up at these highs:
IMPRO : Wyckoff Trader : (2:04:49 PM) : bulls cant' breave at these highs their is no liquidity
IMPRO : Wyckoff Trader : (2:05:01 PM) : Volume chocked off
IMPRO : Wyckoff Trader : (2:15:09 PM) : perhaps this might help the bulls
IMPRO : Wyckoff Trader : (2:15:10 PM) : https://www.youtube.com/watch?v=rXdIyS85emM
IMPRO : Wyckoff Trader : (2:15:16 PM) : let em in..
IMPRO : Wyckoff Trader : (2:16:57 PM) : R1 6027 hold'n em back
IMPRO : Wyckoff Trader : (2:31:18 PM) : that R1 is a big ole bugger bear to the bulls
IMPRO : Wyckoff Trader : (2:33:00 PM) : I think Dalton called to two stepping or two timing
IMPRO : Wyckoff Trader : (3:15:03 PM) : bulls may have gotten themselves a bit over extended
IMPRO : Wyckoff Trader : (4:05:00 PM) : closed unchange
I'm working to see if I can get a consistent Trading plan from Guy, He's all about the Shadow Lords of Globex.
The Shadow Lords of Globex set the stage—will their overnight discipline enforce The Don’s prior structure, or did they plant the seeds for a deeper liquidity raid?
6. Honing (turns): Spill up, AM LOW, MID AM HIGH, lunch low, mid pm high, LAST HOUR LOW.
I loved WB and I miss him but that was 8 years ago… I think it' time to take it to the next level. I've added a Market Mafia Blueprint to help newer traders understand his clock times. And now, here they are.
Clock Times and Market Mafia Mindset Blueprint:
– Spill up/down: (9:30 AM to 9:57 AM) – "Bell Ringers" define the market’s mood, establishing the opening balance that dictates morning potential action and price expansions.
– AM H/L: (10:00 AM to 10:57 AM) – Echo Enforcers – Confirming the opening tone with force or shutting it down before it takes hold.
– MID AM H/L (11:00 AM to 11:57) AM – "Extreme Midday Hitmen" – Hit opening extremes—if the market can’t handle the pressure, they will push through it.
– lunch h/l (12:00 PM to 1:57 PM) – "Slog Lords" – "The Slog Lords" – Because only the toughest operators can thrive in the midday grind.
– lunch h/l (1:00 PM to 1:57 PM) – "Reversal Lords" – The traders who engineer market turns, ensuring the trend transitions.
– mid pm h/l (2:00 PM to 2::57) – "Shake and Bake Operators" – Market architects who force price swings to realign liquidity before power players step in for the final hour of power.
– LAST HOUR H/L (3:00 PM to 3:50 PM) – "Cleanup Crew" – They step in to absorb volatility and stabilize the tape before the true final moves.
– LAST HOUR H/L (3:50 PM to 4:15 PM) – "Settlement Syndicate – The true last movers, ensuring the closing price reflects their strategy.
GLOBEX After Hours: – Shadow Lords of Globex (Capo/Soldatos) Capo – The larger trader, wielding size and influence. Soldatos – One lotter without direction.
7. Previous Day's Numbers:
Open 6012.75
Hod 14:29 6027.75
Lod 09:36 6000.00
Settle 6009.25
Volume 710,677
8. Floor Trader Pivots
DAILY 6012.25
R2 6040.00
R1 6024.50
S1 5996.75
S2 5984.50
WEEK 5966.75
Range 27
Previous day's range 40
The clock is used to time your entries and exits. Position long at the lows, exit at the highs, get short at the highs, and buy-in at the lows. When the trend is in, WB's clock is your friend!
Your edge is a series of trades, not just one trade or one day.
Dates: June 11 Strawberry Moon 3:44 a.m. Summer Solstice (Equinox) June 20 1:41 p.m. (all times Est)
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